When was the POL (ex-MATIC) coin issued?

Since its inception as a conceptualization in 2017, Polygon has evolved into the leading Layer-2 scaling solution for Ethereum with over 4.5 million active users and 1 billion daily transactions.

Dec 08, 2024 at 07:36 pm

Tracing the Evolution of Polygon (POL): A Comprehensive Timeline of Notable Milestones

1. Inception and Early Development (2017-2019)

2017: Conceptualization and development of the Polygon project by Jaynti Kanani, Sandeep Nailwal, and Anurag Arjun.
2019: Launch of the Polygon Mainnet Beta, enabling developers to build and deploy Ethereum-compatible smart contracts on a faster, cheaper, and more scalable blockchain.

2. MATIC Token Launch and Network Expansion (2020-2021)

April 2020: Public sale of the MATIC token, raising $4 million in funding to support the Polygon ecosystem.
July 2020: Integration of Polygon with the Binance Smart Chain, allowing interoperability between the two blockchains.
December 2020: Launch of Polygon's Proof-of-Stake consensus mechanism, enhancing network efficiency and decentralization.

3. Rename to POL and Strategic Partnerships (2022-Present)

February 2022: Polygon rebrands from "MATIC Network" to "Polygon," reflecting its broader focus on blockchain solutions beyond its native token.
March 2022: Partnership with Meta (formerly Facebook) to bring Ethereum and Web3 capabilities to Instagram and WhatsApp.
May 2022: Integration with the Ethereum Virtual Machine, enabling seamless migration of Ethereum-based applications and smart contracts to Polygon.

4. Ecosystem Growth and Layer-2 Dominance (Ongoing)

2022-Present: Exponential expansion of the Polygon ecosystem with over 37,000 decentralized applications (dApps) deployed.
2022-Present: Establishment of Polygon as the leading Layer-2 scaling solution for Ethereum, with over 4.5 million active users and a transaction volume of over 1 billion daily.

5. Key Milestones and Future Outlook

Polygon zkEVM Release (Late 2023): Launch of Polygon's Zero-Knowledge Ethereum Virtual Machine, providing enhanced privacy and scalability for smart contracts.
Polygon Aver (2024): Integration of Polygon with the Ethereum Virtual Machine, enabling native ERC-20 token functionality and seamless integration with Ethereum-based decentralized applications.
Polygon ID (Ongoing): Development of a self-sovereign identity solution that empowers users with control over their digital identities and data.

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